BOE Report

“Big oil” exiting gas station business, study shows

Annual study also reveals a continued drop in outlets operated by integrated refiner-marketers and a continued decrease in the number of retail fuel sites in Canada. LONDON, ON, May 20, 2014 /CNW/ - According to a recent survey of Canada's retail gasoline facilities by petroleum consultancy MJ Ervin & Associates, Canada's gas stations are increasingly becoming divorced from the crude oil producing and refining sectors that have traditionally maintained a "well-head to gas tank" vertical [Read more]

Mountainview Energy Ltd. brings on two new Three Forks/Torquay wells with initial production rates of 401 boe/d and 291 boe/d respectively in its 12 Gage Project

CUT BANK, MT, May 20, 2014 /CNW/ - Mountainview Energy Ltd. (TSXV: MVW) ("Mountainview" or the "Company") provides an operational update on its two-well drilling program. Reistad Well Pad (Reistad 26-35S-1H & Reistad 23-14-1H) Mountainview is pleased to announce that it has placed both the Reisatd 26-35S-1H, (the "Reistad 26 Well") and the Reistad 23-14-1H, (the "Reistad 23 well") wells on production with artificial lift.  Both wells were drilled in the Three Forks (Torquay) formation with [Read more]

Keyera to Participate as Non-Operating Owner in Norlite Pipeline

CALGARY, May 20, 2014 /CNW/ - Keyera Corp. (TSX:KEY) ("Keyera") announced today that it has reached agreement with Enbridge Pipelines (Athabasca) Inc. ("Enbridge") to participate in the Norlite Pipeline as a 30% non-operating owner. The Norlite Pipeline will transport diluent for producers from the Edmonton/Fort Saskatchewan area into the Athabasca oil sands region. The pipeline will initially be constructed from Enbridge's Stonefell Terminal near Fort Saskatchewan northward to Suncor's East [Read more]

Ivanhoe Energy Appoints Chief Financial Officer

CALGARY, May 19, 2014 /CNW/ - Ivanhoe Energy Inc. (TSX: IE; NASDAQ: IVAN) today announced the appointment of Greg Phaneuf to Senior Vice President, Finance and Chief Financial Officer (CFO), effective June 1, 2014. "Greg brings important expertise to the office of the CFO for Ivanhoe Energy," said Carlos A. Cabrera, Executive Chairman. "His financial experience and knowledge of our company will be invaluable as we work to deliver our plan and build value for all of Ivanhoe's stakeholders." Mr. [Read more]

Sunshine Oilsands Ltd Announces New Equity Placement

CALGARY, Alberta and HONG KONG, May 18, 2014 /CNW/ - (1) NEW PRIVATE PLACEMENT OF HK$544 MILLION OF COMMON SHARES UNDER THE GENERAL MANDATE TO JIN QUAN LIMITED AND IMMEDIATE Focus International Limited (2) CANCELLATION OF THE CLOSING OF THE REMAINING 38,346,042 UNITS TO PYRAMID VALLEY LIMITED PURSUANT TO THE PRIVATE PLACEMENT ANNOUNCED ON JANUARY 24, 2014 (3) INSIDE INFORMATION – PROPOSED DEBT OFFERING Sunshine Oilsands Ltd. (the "Corporation" or "Sunshine") (HKEX: 2012, TSX: SUO) is [Read more]

Bellatrix provides an operational update and announces updated 2014 guidance

TSX, NYSE MKT: BXE CALGARY, May 16, 2014 /CNW/ - Bellatrix Exploration Ltd. ("Bellatrix" or the "Company") (TSX, NYSE MKT: BXE) is pleased to provide an operational update and updated 2014 guidance. Unscheduled Temporary Downtime in West Central Alberta The successful application of horizontal drilling and slick water fracturing technology in West Central Alberta has resulted in producers overwhelming the existing processing and gathering infrastructure.  This has resulted in area producers [Read more]

Ivanhoe Energy Chief Financial Officer Resigns

CALGARY, May 16, 2014 /CNW/ - Ivanhoe Energy Inc. (TSX: IE; NASDAQ: IVAN) today announced that Senior Vice President, Finance and Chief Financial Officer (CFO), Gerald Schiefelbein, is leaving Ivanhoe Energy to accept a leadership role with another company. Mr. Schiefelbein's resignation is effective May 31, 2014 and he will continue in the role until that date to assist the Company with the transition to a new CFO. Carlos A. Cabrera, Executive Chairman, commented: "On behalf of Ivanhoe Energy [Read more]

Exall Energy Corporation announces results for the three months ended March 31, 2014

CALGARY, May 15, 2014 /CNW Telbec/ - Exall Energy Corporation ("Exall" or the "Company") (TSX:EE and TSX:EE.DB) is pleased to announce its financial and operating results for the three months ended March 31, 2014.  Exall's public filings can all be found at www.exall.com or www.sedar.com. Highlights: A first quarter 2014 production average of 962 boe per day. A first quarter 2014 Net Back of $46.41. A first quarter 2014 cash flow from operations of $1,959,000. A first quarter 2014 [Read more]

Marquee Energy Ltd. announces first quarter 2014 financial results with record funds flow and production

CALGARY, May 15, 2014 /CNW/ - Marquee Energy Ltd. ("Marquee" or the "Company") (TSXV: "MQL") (OTCQX: MQLXF) is pleased to provide its first quarter 2014 operating and financial results. The Company's consolidated financial statements as at March 31, 2014 and for the three months then ended and management's discussion and analysis for the three months ended March 31, 2014 are available on SEDAR at www.sedar.com and on Marquee's website at www.marquee-energy.com. Financial and Operational [Read more]

Exall Energy Corporation Announces: New Banking Arangements and 18% Working Interest Disposition

CALGARY, May 15, 2014 /CNW Telbec/ - Exall Energy Corporation ("Exall" or the "Company") (TSX:EE and TSX:EE.DB) is pleased to announce its new banking arrangements subject to the completion of a disposition of 18% of Exall's working interest in the Marten Mountain, Alberta area.  Exall's filings can all be found at www.exall.com or www.sedar.com. Highlights include: A stepped down Revolving Production Loan Facility of $21.0 million, as of May 30, 2014, with a Canadian financial [Read more]